Answer
--Correct journal entry
Transaction | Accounts title | Debit | Credit |
3 | Equipment ($46000 + 6000) | $52,000 | |
Cash | $46,000 | ||
Notes Payable (short term) | $6,000 | ||
(to record purchase of equipment) |
Journal entry worksheet 4 BSC paid $46,000 for computer equipment with check number 101 and signed...
Journal entry worksheet < 1 2 BSC paid $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $11,000. BSC borrowed $32,000 from the bank, promising to repay it in two years. BSC paid $37,000 for computer equipment with check number 101 and signed a note for $4,000 due in six months. BSC received $550 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 1.3....
Journal entry worksheet 1 2 3 4 BSC borrowed $48,000 from the bank, promising to repay it in two years. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
not very good at these
View transaction list Journal entry worksheet Paid $40,000 cash to replace a motor on equipment that extends its useful life by four years. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 12 Next > arch ome * E View transaction list Journal entry worksheet Paid $40,000 cash to replace a motor on equipment that extends its useful life by four years. Note: Enter debits before credits...
Journal entry worksheet < 0 2 3 BSC received $1,350 of supplies purchased on account. Record the transaction. Note: Enter debits before credits. Transaction Gonoral Journal Dobit Credit Record entry Clear entry View general journal
Journal entry worksheet 2 3 Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $27,000. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Journal entry worksheet Record the $2,100 rent paid for 3 months on January 1. Note: Enter debits before credits. General Journal Debit Credit Date Jan 31 . Record entry Clear entry Journal entry worksheet Record the revenue for 8 voice lessons that the company has provided. The company would receive $600 from customers for 10 voice lessons ($60 per lesson) Note: Enter debits before credits. Date General Journal Debit Credit Jan 31 Record entry Clear entry View general jou Record...
Journal entry worksheet 8 9 10 Nozomi invested $48,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. Note: Enter debits before credits. General Journal Debit Credit Date April 01 View general journal Record entry Clear entry
Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Collected $5,600 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 7 Paid $1,450 cash in advance...
Journal Entry Worksheet
Financial Accounting Problem
The following events occurred for Mitka Ltd.: a. Received investment of $32,100 cash by organizers. b. Purchased land for $18,200in land; paid $6,100 in cash and signed a mortgage note with a local bank for the balance (due in five years). c. Borrowed cash from a bank and signed a note for $11,100. d. Lent $400 to an employee who signed a note due in three months. e. Paid the bank the amount borrowed...